Borr Drilling Ltd (NYSE:BORR)’s traded shares stood at 2.62 million during the last session, with the company’s beta value hitting 2.19.The BORR share’s 52-week high remains $7.26, putting it -200.0% down since that peak but still an impressive 14.05% since price per share fell to its 52-week low of $2.08. The company has a valuation of $596.36M, with an average of 5.34 million shares in intraday trading volume over the past 10 days and average of 5.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Borr Drilling Ltd (BORR), translating to a mean rating of 1.22. Of 2 analyst(s) looking at the stock, 0 analyst(s) give BORR a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 2 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.03.
Borr Drilling Ltd (NYSE:BORR) trade information
The 5-day price performance for the stock is 13.62%, and -18.79% over 30 days. With these gigs, the year-to-date price performance is -37.95%. Short interest in Borr Drilling Ltd (NYSE:BORR) saw shorts transact 17.25 million shares and set a 2.85 days time to cover.
The extremes give us $9 and $9 for target low and target high price respectively. As such, BORR has been trading -271.9% off suggested target high and -271.9% from its likely low.
Borr Drilling Ltd (BORR) estimates and forecasts
The rating firms project that company’s revenue will shrink -0.46% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 231.17M. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 259.43M.Earnings reports from the last fiscal year show that sales brought in 234M and 271.9M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -1.21% before dropping -4.59% in the following quarter.
BORR Dividends
Borr Drilling Ltd has its next earnings report out on 2025-Feb-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Borr Drilling Ltd has a forward dividend ratio of 0.24, with the share yield ticking at 9.92% to continue the rising pattern observed over the past year.
Borr Drilling Ltd (NYSE:BORR)’s Major holders
Borr Drilling Ltd insiders hold 6.87% of total outstanding shares, with institutional holders owning 76.32% of the shares at 81.94% float percentage. In total, 76.32% institutions holds shares in the company, led by CAPITAL INTERNATIONAL INVESTORS. As of 2024-06-30, the company held over 17.6 million shares (or 7.0085% of shares), all amounting to roughly $113.37 million.
The next major institution holding the largest number of shares is FOLKETRYGDFONDET with 12.59 million shares, or about 5.0128% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $81.22 million.
